Savings off paper route, How much will Dr. Phillips have

Savings off paper route

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Reference no: EM131903880

How much will Dr. Phillips have after four years from his savings off his paper route? He started on January 1. Every three months, he deposits $1,100 in his bank account, which earns 8 percent annually but is compounded quarterly. Four years later, he used the entire balance in his bank account to invest in an investment at 9 percent annually. Calculate your final answer using the formula or financial calculator methods.

Reference no: EM131903880

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